Wheat futures saw gains across major markets on Tuesday, April 22, with Chicago SRW, Kansas City HRW, and Minneapolis spring wheat all trading higher at midday. Chicago Soft Red Winter (SRW) contracts were up by 4 to 5 cents, Kansas City Hard Red Winter (HRW) increased by 6 to 7 cents, and Minneapolis spring wheat climbed by 7 to 9 cents in the front months.
The latest Crop Progress report showed that U.S. spring wheat planting was at 12 percent complete, which matches the average pace from the past five years. Emergence of the crop was reported at two percent. The winter wheat crop had reached twenty percent headed—eight percentage points ahead of normal for this time of year. However, condition ratings for winter wheat dropped four percentage points to thirty percent rated good or excellent.
The Brugler500 index reflected these changes with a five-point decrease to a score of two hundred ninety overall. The main HRW states averaged a rating of two hundred fifty-three on this index—the lowest since last year—while SRW states averaged three hundred fifty-three.
Legacy Farmers Cooperative is involved in supporting agricultural producers throughout ten counties in northwest Ohio and maintains facilities such as grain centers, agronomy sites, fuel stations and retail locations according to the official website. The cooperative is structured as a member-owned organization with more than one hundred fifty employees across its divisions according to the official website.
Community involvement is also part of Legacy Farmers Cooperative’s activities; it supports initiatives including youth agricultural education programs like 4-H and FFA, county fairs and scholarships according to the official website. The cooperative focuses on exceeding customer expectations by offering value and financial returns for its members while extending services across northwest Ohio counties according to the official website.
May contracts closed higher: May CBOT Wheat ended at $6.02 (up five cents), July CBOT Wheat at $6.10½ (up four-and-a-half cents), May KCBT Wheat at $6.42 (up seven cents), July KCBT Wheat at $6.54¼ (up six-and-three-quarter cents), May MIAX Wheat at $6.63 (up seven-and-three-quarter cents), and July MIAX Wheat at $6.80½ (up eight-and-a-quarter cents).
According to Legacy Farmers Cooperative’s official website, it formed through a merger and operates out of Findlay while offering services such as grain marketing, agronomy support and petroleum distribution tailored for farming needs.
